Below you'll find a list of all posts from August, 2021
By Kara Arundel for K-12Dive Prince George’s County Public Schools will be the first district to use a P3 to bundle design, financing, construction and maintenance of a group of schools. To build just one school would typically take seven years, but through a public-private partnership (P3), which is thought to be the first in the nation to bundle the …
By Jamie Collum and Andrew Cartwright for Daily Commercial News As explained in the last Surety Corner, providing accurate and timely interim financial reporting is a key factor in successfully growing your bonding facility. The surety company wants to know throughout the year how your company is performing financially. When the results are positive this can lead to increased surety …
By Nick Newton for AssuredPartners Anyone working in the construction bond industry has seen the scenario where a client or prospect is requesting bonding capacity larger than the standard surety market is willing to provide. While some sureties will utilize tools like escrow or collateral, the SBA Bond Guarantee Program offers an alternative solution, enabling greatly increased capacity for your …
By Scott Judy for Engineering News-Record Highway contractor D.A.B. Constructors is winding down operations and walking away from six ongoing projects after the Florida Dept. of Transportation defaulted it from a $33-million interchange project and allegedly failed to reimburse the Inglis, Fla.-based contractor more than $10 million in costs on a separate $31.8-million contract. In a statement published July 26, …
By Calvin Trice and Jason Woleben for SPGlobal.com The deadly condominium collapse in Surfside, Fla., could reshape the way experts model catastrophe risk along a coastline that is already vulnerable to wind and water damage from tropical systems. Structural considerations typically take into account how a building could withstand hurricanes, but the flaws suspected as culprits in the sudden destruction …
